Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at alternative risk premia strategies.
Quote of the Day
"Trend-following is in trouble nowadays because central banks are slowly pulling out of the markets before they are accused of persistent manipulation and retail traders have gotten more sophisticated. There are simply not enough counterparties willing to lose to trend-followers. "
(Mike Harris)
Small
- Lottery stocks suck. (blog.alphaarchitect.com)
- Are we mis-estimating the risk of distressed stocks? (papers.ssrn.com)
- Why analyst coverage matters. (blog.alphaarchitect.com)
Fund management
- Do team-managed funds exhibit less overconfidence? (citywireusa.com)
- On the negative relationship between fund size and performance. (papers.ssrn.com)
- Prime brokers throw liquidating funds to the wolves. (dealbreaker.com)
